Paris: Embattled French auto group PSA Peugeot Citroen announced a write-off of €4.7 billion ($6.29 billion, Dh23.16) for 2012 due to an extremely difficult European market but said debt and cash targets for the year had been met.
Business | Automotives
Peugeot Citroen writes off €4.7b
Majority of charge related to group’s auto business
- AFP
- Published: 14:51 February 8, 2013
The large majority of the charge pertained to the group’s auto business, the company said in a statement, but “neither solvability nor liquidity” were affected.
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